Tags: zenith bank

Revealed: How Zenith Bank Allegedly Laundered Over N700m for Former Zamfara State Governor, Yari

Federal High Court in Abuja has ordered the final forfeiture of various amounts estimated at about N700million linked to former Zamfara Governor, Abdulaziz Abubakar Yari hidden in Zenith Bank Plc and one other. The Independent Corrupt Practices and other related offences Commission (ICPC) claimed the funds were kept in accounts in the two commercial banks…

UBA Gets Double Honours At BAFI Awards

Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat other strong contenders – Zenith Bank, Guaranty…

Zenith Bank GMD Seeks Expansion of Non-Oil Exports Post Covid-19

The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. He made the call during a Webinar themed “Prospects of Non-Oil Export During and Post COVID-19” organized by the bank on Wednesday, August 26, 2020. According…

Zenith Bank Appoints Oroh Executive Director, Abubakar Independent Non-Executive Director

The Board of Directors of Zenith Bank Plc has approved the appointment of Mr. Henry Oroh as Executive Director of the bank in consistent with the tradition and succession strategy of grooming leaders from within. Also, the Board has approved the appointment of Dr. Al-Mujtaba Abubakar, FCA, as an Independent Non-Executive Director. A statement from…

Zenith Bank Earns Over N80 billion as Trading Gains in 2018

Reliable sources close to Nairametrics indicate tier one lender Zenith Bank could earn close to N100 billion or more as gains from derivatives and treasury bills trading in the 2018 financial year. The bank has consistently made trading gains in the last few years rising from N20 billion in 2016 to over N60 billion in…

Police IG Honours Slain Officers in Zenith Bank Robbery

The two gallant mobile police officers, Chukwudi Iboko, and Sunday Agbo, who lost their lives during a robbery attack in Owerri, Imo State in February 2017 have been honoured by the Inspector-General of Police, Ibrahim Idris. Idris named a new office complex in Lagos Police Mobile Force Headquarters Squadron 20 (MOPOL 20), Ikeja Lagos. The…

Zenith Bank, French Firm Seal $100m Deal On Power

Zenith Bank Plc and the French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, over the weekend in Abuja, signed a US$100m power sector credit facility to boost new investments in the capital expenditures of Distribution Companies (DISCOS). The signing of the facility which took place in the inner…

Shareholders Hail Zenith Bank Management, Okay N57bn Dividend

The shareholders of Zenith Bank Plc have commended the Board of Directors for an impressive financial year ended December 31, 2015, as they approved a total dividend of N56.5 billion for the period. The Shareholders Group said despite the challenges in the environment and the harsh economy witnessed in the country, the bank posted an…